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Hammer Metals Reports High-Grade Results From Queensland Project Resource Upgrade Drilling; Shares Up 5%

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Hammer Metals (ASX:HMX) reported further assay results from the current resource upgrade drilling program at its Kalman Critical Metals Project in Queensland, according to a Tuesday Australian bourse filing.

The results were up to 165 meters at about 2% copper equivalent recoverable (CuEqRec), comprising 0.5% copper, 0.3 g/t gold, 0.3% molybdenum, and 5.31 g/t rhenium from 175 meters, including 50 meters at 3.2% CuEqRec and 62 meters at 2.3% CuEqRec.

Drilling has now been completed, with assays pending for holes drilled at the Black Rock iron oxide copper gold target and the Lady Jenny Copper-Gold Prospect, it added.

The company's shares rose almost 5% in recent Tuesday trade.

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